Bitcoin: Holders of 1 to 100 coins intensify sell-offs because...
Following an assessment of BTC’s Spent Output indicator for wallets that hold between 1 to 100 BTCs, CryptoOnchain found that a great percentage of the leading coins has been moved or spent from these wallets in the past few days.Generally, a surge in Spent Output from this cohort of BTC holders typically suggests a potential increase in selling activity by these investors.
Analyst CryptoOnchain found further that the biggest increase in spent output in the last few days was observed in wallets that held between 10 to 100 BTCs. The analyst noted:
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